New marina begins operations in the Balkans

Azmont Investments has opened its D-Marin Portonovi Marina at the Portonovi Resort in Montenegro, on the country’s Adriatic Sea shore.

“D-Marin Portonovi Marina, opening just before the grand premiere of Portonovi this summer, is a deep-water marina which will host yachts up to 120 metres and offer 238 berths, a choice of entry points and a sheltered position at the entrance to the bay,” the developer said in a statement. “This state-of-the-art marina will offer its clients all the necessary maintenance and safety requirements, along with as a recently opened customs entry, as well as the soon-to-be-open fuel station.”

Turkish company D-Marin, an offshoot of Dogus Group, will operate the Montenegrin facility.

The company is currently controlled by Azerbaijan’s Pascha Holding, a group that invests in the banking, insurance, construction, property and tourism industries. Azmont Investments entered the Montenegrin market in 2012. The company says it is developing the Portonovi Resort under an investment estimated to be worth some €800m (US$891m). As part of the project, the Azeri business plans to open a new spa in 2020, according to data from Azmont Investments.